Plato Investment Management Ltd increased its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 772.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,982 shares of the company's stock after purchasing an additional 69,926 shares during the period. Plato Investment Management Ltd's holdings in Brookfield Renewable were worth $2,579,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in BEPC. Vanguard Group Inc. raised its position in Brookfield Renewable by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 5,244,258 shares of the company's stock valued at $128,851,000 after purchasing an additional 47,139 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Brookfield Renewable by 1.7% during the 2nd quarter. Principal Financial Group Inc. now owns 4,757,977 shares of the company's stock valued at $135,031,000 after acquiring an additional 80,350 shares during the period. Dimensional Fund Advisors LP boosted its position in Brookfield Renewable by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,091,091 shares of the company's stock worth $59,359,000 after purchasing an additional 191,550 shares in the last quarter. Epoch Investment Partners Inc. boosted its position in shares of Brookfield Renewable by 4,491.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,940,525 shares of the company's stock worth $55,072,000 after buying an additional 1,898,258 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Brookfield Renewable by 13.3% in the second quarter. Clearbridge Investments LLC now owns 1,556,531 shares of the company's stock valued at $44,179,000 after purchasing an additional 182,717 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company's stock.
Brookfield Renewable Trading Up 1.4 %
Shares of NYSE BEPC traded up $0.41 on Thursday, reaching $30.34. 679,534 shares of the company traded hands, compared to its average volume of 961,697. The stock has a market capitalization of $5.45 billion, a PE ratio of -37.00 and a beta of 1.20. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $35.14. The company has a current ratio of 0.14, a quick ratio of 0.40 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average of $31.10 and a 200 day moving average of $29.93.
Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.04). Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company earned ($0.14) earnings per share. On average, equities research analysts forecast that Brookfield Renewable Co. will post -1.02 earnings per share for the current fiscal year.
Brookfield Renewable Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Renewable's dividend payout ratio (DPR) is presently -173.17%.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. dropped their price objective on Brookfield Renewable from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, October 17th.
Get Our Latest Report on BEPC
About Brookfield Renewable
(
Free Report)
Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.
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